Social incidence and economic costs of carbon limits

Gunter Stephan, Renger Nieuwkoop and Thomas Wiedmer

Environmental & Resource Economics, 1992, vol. 2, issue 6, 569-591

Abstract: This paper discusses both distributional and allocational effects of limiting carbon dioxide emissions in a small and open economy. It starts from the assumption that Switzerland attempts to stabilize its greenhouse gas emissions over the next 25 years, and evaluates costs and benefits of the respective reduction program. From a methodological viewpoint, this paper illustrates, how a computable general equilibrium approach can be adopted for identifying economic effects of cutting greenhouse gas emissions on the national level. From a political economy point of view it considers the social incidence of a greenhouse policy. It shows in particular that public acceptance can be increased and economic costs of greenhouse policies can be reduced, if carbon taxes are accompanied by revenue redistribution. Copyright Kluwer Academic Publishers 1992

Keywords: Carbon tax; computable general equilibrium; economic costs and welfare effects (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/BF00330284

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